Author of this content has low reputation.
RE: RE: Buffett And Munger Attacking Cryptocurrency Again: More FUD!!!
You are viewing a single comment's thread from:

RE: Buffett And Munger Attacking Cryptocurrency Again: More FUD!!!

Words
461
Reading
3 min
Listen
Play
4y

Yes i have heard some of the philosophy of Robert Breedlove on bitcoin. I do believe his head is a bit too far up in the clouds about bitcoin. I'm always skeptical of the bitcoin maximalist types. Although for right now i do agree that bitcoin is the best thing we've got.

Where they lose me though is when they start off on this fanciful utopian idea that bitcoin is set to solve all problems. It's many things wrong with bitcoin. What's good about bitcoin is it's the best thing we've got for now and we should give all due respect to being able to stand on the shoulders of giants..However much like Trace Mayer use to be. You don't hear from him anymore now it's just Michael Saylor trying to make his books look good doing it now.

They go on this tangent about how bitcoin goes from a failed currency to bring world peace and prosperity will they give me a break, lol. Yes bitcoin is the best we've got but bitcoin can't be anything like they trying to make it be without some future fork or technology to aid it. It's just not that. About 87% of bitcoin is owned by only 1% of the network.

I'm not interested in trading one manipulative slavemaster for another one. Sorry thanks but no thanks.

This video is a more true to life idea of what bitcoin really is. i highly recommend everyone watch it

.

Don't get me wrong that doesn't mean bitcoin is bad. It just means it's not as good as people think and can never be. What the takeaway is i believe is that bitcoin needs to be aided by some fork or technology we don't have yet or may have. i think my project bitcoin myk is the closest to it...

However i do believe bitcoin in some form of version can emerge to represent ideas like those breedlove promotes however i think it's disingenious to speak on it with so many colorful words Anthony Pompiliano does the same thing i think it's hillarious to listen to those guys.. I think they are on to something but come on just a ton of marketing and promotion there for some brand of theirs or consultation service.. whatever it is.. bitcoin often times misses the mark on what they are saying. I do see us getting there but this space requires a great degree of education we don't have yet and true significant use cases so we don't have to worry about ignorant gamblers and speculators who don't know what they are doing being harmed forcing the government to impose more regulation leading one day inevitably to the banning of many of these cryptos.